AMDY vs. USD=X

Last updated Jun 20, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while USD=X (USD Cash) is a currency. Over the past year, AMDY returned 218.08% vs 0.00% for USD=X.

Performance

AMDY vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMDY

• 1D: 3.87%
• 1M: 14.85%
• YTD: 107.12%
• 6M: 109.15%
• 1Y: 218.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMDY vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	107.12%	53.93%	-17.00%	25.92%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%

Return for Risk

AMDY vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMDY

AMDY Risk / Return Rank: 92
AMDY Sharpe Ratio Rank: 96
AMDY Sortino Ratio Rank: 91
AMDY Omega Ratio Rank: 91
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 87

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMDY vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and USD Cash (USD=X). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMDY	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	3.93	—	—
Sortino ratio: Return per unit of downside risk	4.00	—	—
Omega ratio: Gain probability vs. loss probability	1.56	—	—
Calmar ratio: Return relative to maximum drawdown	7.96	—	—
Martin ratio: Return relative to average drawdown	17.75	—	—

Drawdowns

AMDY vs. USD=X - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AMDY and USD=X.

Drawdown Indicators

	AMDY	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	0.00%	-53.92%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	0.00%	-27.59%
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-1.92%	0.00%	-1.92%
Average Drawdown Average peak-to-trough decline	-17.82%	0.00%	-17.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.34%	0.00%	+12.34%

Volatility

AMDY vs. USD=X - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 21.43% compared to USD Cash (USD=X) at 0.00%. This indicates that AMDY's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.43%	0.00%	+21.43%
Volatility (6M) Calculated over the trailing 6-month period	43.65%	0.00%	+43.65%
Volatility (1Y) Calculated over the trailing 1-year period	55.92%	0.00%	+55.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.89%	0.00%	+46.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.89%	0.00%	+46.89%

Frequently Asked Questions

Which is riskier, AMDY or USD=X?

AMDY has higher volatility (21.43%) compared to USD=X (0.00%). In terms of maximum drawdown, AMDY dropped -53.92% vs USD=X's 0.00%.